Power Integrations, Inc. $POWI Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in Power Integrations, Inc. (NASDAQ:POWI) by 22.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,752 shares of the semiconductor company’s stock after purchasing an additional 19,938 shares during the quarter. AQR Capital Management LLC owned about 0.19% of Power Integrations worth $5,486,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Power Integrations in the 1st quarter worth $1,452,000. SG Americas Securities LLC acquired a new stake in shares of Power Integrations in the 1st quarter worth $344,000. GAMMA Investing LLC boosted its position in shares of Power Integrations by 243.2% in the 1st quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 1,425 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Power Integrations in the 1st quarter worth $630,000. Finally, Sei Investments Co. boosted its position in shares of Power Integrations by 7.1% in the 1st quarter. Sei Investments Co. now owns 103,425 shares of the semiconductor company’s stock worth $5,223,000 after purchasing an additional 6,827 shares in the last quarter.

Power Integrations Stock Performance

NASDAQ POWI opened at $44.16 on Friday. The stock has a 50-day simple moving average of $49.01 and a two-hundred day simple moving average of $51.61. The firm has a market capitalization of $2.48 billion, a P/E ratio of 76.14, a PEG ratio of 2.98 and a beta of 1.38. Power Integrations, Inc. has a fifty-two week low of $39.53 and a fifty-two week high of $69.53.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio (DPR) is presently 144.83%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 16,989 shares of Power Integrations stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the completion of the transaction, the vice president owned 50,798 shares in the company, valued at approximately $2,357,535.18. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gagan Jain sold 2,036 shares of Power Integrations stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the transaction, the vice president owned 18,812 shares of the company’s stock, valued at $866,292.60. The trade was a 9.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,014 shares of company stock valued at $1,678,322 in the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on POWI shares. Wall Street Zen cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Benchmark lowered their price target on Power Integrations from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, Susquehanna lowered their price target on Power Integrations from $70.00 to $55.00 and set a “positive” rating for the company in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $61.67.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.